The firm selected the MIRA site as its first UK base and joins the likes of Bosch, Lockheed Martin, Haldex, GKN, Aston Martin and Continental at the park.

The automotive research and manufacturing company develops regenerative brake technologies which capture energy during braking and turns it into acceleration. The innovative technology improves engine efficiency for vehicles that are frequently braking and stopping, and reduces wear, saves fuel and cuts emissions.

Tim Sherwood, managing director of international business at LHI, said: “We’re delighted to establish our first UK base at MIRA Technology Park.

“The Midlands – and indeed MIRA - is a hive of activity for the automotive industry, and home to many top tier automotive suppliers.

“This location brings us closer to our UK customers and from here we hope to further grow our business in the UK and within Europe, as well as take advantage of the extensive facilitates available on our doorstep.”

“With its new base here in the UK, serving as its European development hub, we’re looking forward to working with and watching this very innovative company grow over the coming years.”

Since 2010, MIRA Technology Park has welcomed more than 30 globally-recognised businesses to the site. It has also become one of the UK’s top performing Enterprise Zones and is rapidly gaining recognition as a premier location in Europe for automotive research and development.